Pub details

Pub details

Pipers, Monifieth, DD5 4AA

Pipers is a great pub or restaurant opportunity located centrally within the town of Monifieth. It sits on a busy main road with lots of footfall owing to the surrounding businesses and houses. Monifieth is a coastal town with a population of approximately 8,000 which is located 6 miles east of Dundee. It is a popular destination, particularly with golfers due to its proximity to both Monifieth and Carnoustie championship golf courses. The 2018 British Open is due to be held at Carnoustie. Pub website - www.pipersmonifieth.co.uk

  • Recently refurbished
  • Opportunity to develop food side of the buisness
  • Located on the busy high street with high levels of footfall

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Location

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Pipers Details

Trading style

Pipers has a strong core customer base and also benefits from visitors from the adjoining towns and villages. During the Summer months the nearby caravan parks generate a large number of visitors to the area which boosts footfall. Trade is mainly drinks based although the pub does offer a decent pub grub style menu. The site has previously been a restaurant and it could potentially revert back to more of a food led establishment depending on the ingoing operators vision. There is potential to further develop the traditional pub aspects of Pipers, and the introduction of pool, darts and dominos teams will strength mid-week profits. The key here is an understanding of current trends and strong marketing skills to really push this business to be one of the best food/drink sites on the high street. There are also four (currently unused) letting rooms which could be developed to further increase profits.

Trade accommodation

Pipers is of good size despite its small façade on the high street. It has two main trade spaces -The main restaurant and bar area on the left of the property which has both a dining room and smaller bar where customers are greeted and can have a drink before eating. At the rear of this area is a raised area which can accommodate 20 covers, this could be used for private dining or small functions. This part of the premises is generally in good condition although style is more in line with the current retail offer. To the right of the restaurant is the second room which has recently been run as more of a cocktail bar and then latterly a sports bar. This room would benefit from some decorative refurbishment. There is a good sized external drinking area to the rear of the premises which has only recently been introduced, and the pub benefits from having a pavement license with these additional drinking spaces proving very popular on warm, sunny days.

Private accommodation

Accommodation is in reasonable condition but may need re-decorating. This consists of four bedrooms, living room, bathroom and kitchen. There is a private parking space for the licensee.

Estimated ingoing required:

£15,000

Annual rent:

£25,000

Fixtures and fittings:

£10,000. Funding options available for the right licensee

Agreement type:

Five Year Tenancy Agreement

One of the best ways of learning about becoming a licensee is to come and talk to us at one of our Open Days.